Coastal States Bank, a wholly‑owned subsidiary of CoastalSouth Bancshares, announced a new 48‑hour small‑business loan program that promises approval decisions within two business days for qualified companies with less than $5 million in revenue and at least three years of operating history.
The program offers flexible financing for working capital, inventory, equipment, and owner‑occupied real estate. While the bank has not disclosed a maximum loan amount for the 48‑hour product, its broader SBA loan portfolio ranges from $350,000 to $5 million for 7(a) loans and $1 million to $8 million for 504 loans, suggesting the new program will fit within a similar range.
Coastal States Bank’s strategy to accelerate access to capital in its Lowcountry, Savannah, and Atlanta markets reflects the bank’s focus on relationship‑based lending and specialty lines such as marine and senior‑housing finance. By keeping underwriting local and streamlining decision‑making, the bank aims to capture a share of the small‑business market that often seeks faster turnaround than larger institutions can provide.
The launch aligns with the bank’s recent quarterly results, in which President and CEO Stephen R. Stone highlighted strong core deposit growth and an expanding loan pipeline. The new program is expected to support the bank’s broader goal of expanding specialty lending services while maintaining its focus on niche markets.
While the program’s interest rates, fees, and performance metrics are not yet disclosed, the initiative is positioned to enhance Coastal States Bank’s competitive positioning in the small‑business lending space and to reinforce its commitment to serving community‑level economic activity.
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